Question

Tadeon

Statement of profit and loss for the year ended 30 sep x6

revenue 277800
cos 121000
g.p 156800
operating expenses 40000
loan interest exp 2750
rental of vehicles 6200
investment income 2000
profit before tax 105850
tax 36800
profit after tax
Other comprehensive income
rev gain/loss 20000
Total comprehensive income

Statement of changes in equity

osc premium revaluation reserve retained earning
opening balance 150000 0 0 18600
right issue 50000 28000 0 0
bonus issue 0 0 0 0
ord div paid 0 0 0 -30000
total comprehesive income 0 0 20000
closing balance

Statement of financial position as at 30 sp x6

Assets
Non current assets
Plant and equipment 84000
Investment 42000
Leasehold property 200000
rou
Current assets
Trade receivables 53500
Closing stock 33300

Liab and equities

current liab
trade payables 18700
bank 1900

non current liab

5% loan notes 51750
deffered tax 12000

Question
Wellmay

Statement of profit and loss for the year ended 31 mar 2007
revenue 3700
cos 2500
gp 1200
operating expeses 470
investment property income 20
finance cost 123.516
income tax 390
pat 236.484

Statement of changes in equity

osc premium revaluation reserve retained earning

opening balance 1200 0 350 2215
right issue
bonus issue
ord div paid
transfer reserve
net rev surplus 125
pat 236.484
closing balance 1200 0 475 2451.484

Statement of financial position as at 31 mar x7

Assets
NCA
PPE 4350
investment property 375

CA 1200
Total assets 5925

Liab and equity

equity
osc 1200
premium 0
rev reserve 475
retained earning 2451.484
4126.484
liabilities
deff tax 210
5% loan note 568.176

current liabilities
accrued interest 50
op current liab 820
870
total 6644.66

Question 4
Kala

Statement of profit and loss for the year ended 31 mar x6

rev 278400
cos 183700
g.p 94700
operating expenses 15500
income from investment income 4500
int exp 9200
tax 29900
pat 44600
OCI
rev gain 41300

Statement of financial position as at 31 mar x6

Assets
NCA
land and buldings 250000
plant 110500
investment property 96300

Current assets
trade receivables 53200
closing inventory 43200
total 645200
Liab and equities
liab
current liab
deferred tax 14100
trade payables 33400
bank overdraft 5400
accrued interest 9200
62100
equity
revalution reserve 41300
retained earnings 149100
osc 150000
premium 0
340400

total 474500

DUNE

STATEMENT OF PROFIT AND LOSS FOR THE YR ENDED 31 MAR X4

REVENUE 400000
COST OF SALES 300600
GROSS PROFIT 99400
DIST COSTS 26400
ADMIN EXP 33700
LOAN NOTE INTEREST 1950
BANK INTEREST 200
INVESTMENT INCOME 1200
IMPAIRMENT EXPENSE 1500
PBT 34450
TAX 12400
PAT 23550

OCI WORKING FOR DUNE QUESTION

REVALUATION GAIN 0
TOTAL COMPEHENSIVE INCOME 23550

STATEMENT OF CHANGES IN EQUITY

OSC PREM REVALUTION RESERVE RETAINED EARNING

OPENING BALANCE 40000 20000 0 38400
RIGHT ISSUE 42000 40000 0 0
BONUS ISSUE 0 0 0 0
ORD DIV PAID 0 0 0 -10000
TRANSFER 0 0 0 0
TOTAL COMPREHENSIVE INCOME 23550
REVALUTION 0 0 0 0
82000 60000 0 51950

STATEMENT OF FINANCIAL POSITION AS AT 31 MAR X4

ASSETS
CURRENT ASSETS
INVENTORY 48000
TRADE RECEIVABLES 40700
BANK 97500
LEASEHOLD PROPERTY HFS 33500
NON CURRENT ASSETS
INVESTMENT AT P AND L 28000
PLANT AND EQUIPMENT 37400
TOTAL 285100

LIABILITIES AND EQUITIES

NON CURRENT LIABILITIES
DEFF TAX 4200
5% LOAN NOTES 20450

CURRENT LIAB
CURRENT TAX 1400
TRADE PAYABLES 52000
ACCRUED INTEREST 500
78550
EQUITIES
OSC 82000
PREMIUM 60000
RETAINED EARNING 51950
193950

TOTAL 272500

QUESTION 7
MOBY

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 30 SEP X3

REVENUE 237800
COST OF SALES 173875
GROSS PROFIT 63925
op expenses 29700
interest expenses 11203
tax
Total
3765

4126.484
Working

adj 1
land cost 70
land m.v 80
revalued by 10

dr land 10
cr revalued surplus 10

buildings cost 200

acc dep at 1 april 2005 60
nbv 140
m.v 175
revalued by 35

dr building 35
cr rev surplus 35

investment inc by 6300

dr investment 6300
cr spl 6300

Plant

COST 156000
acc dep 26000
nbv 130000

dep for the year ended 19500

dr cos 19500
cr plant 19500

adj 2
 dr rou 92
cr l.o 92

dr l.o 22
cr cash 22

dr int exp 7200

cr acc int 7200

loan note issued

dr int exp 1000 dr int exp 1000

cr accrued int 1000 cr int exp 1000

tax exp

current yr tax 28300

inc in deff tax 1600
total tax 29900

inventory recorded at low of cost and nrv

inventory 37800

NG FOR DUNE QUESTION

ED EARNING

193950
cos 164500
dep on building 2375
dep on leasehold 7000
173875